iShares Investment Grade Bond Factor ETF (BATS:IGEB) Sets New 1-Year Low – Should You Sell?

Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) hit a new 52-week low during trading on Monday . The company traded as low as $45.15 and last traded at $45.21, with a volume of 818550 shares trading hands. The stock had previously closed at $45.30.

iShares Investment Grade Bond Factor ETF Stock Performance

The company has a fifty day moving average price of $45.83 and a two-hundred day moving average price of $45.14.

iShares Investment Grade Bond Factor ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a $0.1867 dividend. This is a boost from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.17. The ex-dividend date was Tuesday, September 3rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IGEB. Gilliland Jeter Wealth Management LLC bought a new stake in shares of iShares Investment Grade Bond Factor ETF in the 2nd quarter valued at $25,000. Assetmark Inc. acquired a new stake in iShares Investment Grade Bond Factor ETF during the 3rd quarter worth about $29,000. Park Place Capital Corp bought a new position in shares of iShares Investment Grade Bond Factor ETF in the 2nd quarter worth about $38,000. FMR LLC lifted its stake in shares of iShares Investment Grade Bond Factor ETF by 46,350.0% in the 3rd quarter. FMR LLC now owns 929 shares of the company’s stock valued at $43,000 after purchasing an additional 927 shares during the period. Finally, Aspire Private Capital LLC bought a new stake in shares of iShares Investment Grade Bond Factor ETF during the 2nd quarter valued at about $42,000.

About iShares Investment Grade Bond Factor ETF

The iShares Investment Grade Bond Factor ETF (IGEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, multi-factor, investment-grade bond index. The index selects and weights bonds based on default probability, default-adjusted spreads, and volatility.